While the prices went down by 2 to 5 cents in Denmark as well as in the Netherlands and in Spain, the German, Belgian and Austrian prices again were able to stabilise on last week’s level. Unchanged prices were quoted in Great Britain and Sweden anew, with slight decreases dependent on the exchange rate.

No new price was quoted in France last Thursday. The slaughter companies there had wanted to enforce a 4 cents’ price decrease. Both the stock exchange and the suppliers did not get into that idea, as a result of good news coming in from abroad about the meat business. The conference was then discontinued last week. In Spain, the colder temperatures and the related improving growth of the pigs are said to have caused the new price decrease. Those pigs are sold on the pigs-mature-for-slaughter market in increasing quantities. In the Netherlands, they have large quantities of pigs mature for slaughter on offer. At the same time, the prices related to parts fell, so the quotation went down by 2 cents.

Trend: Demand being more vivid in the fresh meat business and export working out well, the domestic market is being further relieved. After clear price decreases having occurred over the past three weeks in Germany, the market is expected to remain well balanced the week ahead.

Explanation
¹corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
base: 56 per cent lean-meat-percentage; farm-gate-price; 79 per cent killing-out-percentage, without value-added-tax (VAT)